The cost to ship a standard 40-foot container of toys, auto parts or other goods from Shanghai to New York has jumped to nearly $10,000, fueling frustration among importers and prompting some experts to say the market is in a bubble. Industry experts attribute the bulk of the run-up in off-contract shipping prices to Yemen’s Houthi rebels’ missile and drone attacks that have forced ships to avoid the Suez Canal trade shortcut. This causes shortages, schedule disruptions and delays that drive up costs for sea transport that handles about 80% of international trade volume.
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![Lockheed-Raytheon JV secures $1.3 billion Javelin missile contract from U.S. Army](https://thatisgoodtoknow.com/wp-content/uploads/2024/09/2e6ef97593a4672d7001efdcdde3255b.jpg)
Lockheed-Raytheon JV secures $1.3 billion Javelin missile contract from U.S. Army
Since then, the joint venture has been ramping up Javelin production, with plans to reach an annual manufacturing capacity of around 4,000 missiles by late 2026. The new contract includes the production of more than 4,000 Javelins specifically to replenish stocks sent to Ukraine, the Maryland-based defense contractor said. Source